Oriole Company Inc. had a beginning inventory of 105 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 595 units May 5 500 units at $8 at $9 Aug. 12 410 units at $10 Dec. 8 100 units at $11 Oriole Company uses a periodic inventory system. Sales totaled 1,485 units. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 15,195 (b1) eTextbook and Media Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ Attempts: 1 of 3 used
Oriole Company Inc. had a beginning inventory of 105 units of Product RST at a cost of $7 per unit. During the year, purchases were: Feb. 20 595 units May 5 500 units at $8 at $9 Aug. 12 410 units at $10 Dec. 8 100 units at $11 Oriole Company uses a periodic inventory system. Sales totaled 1,485 units. (a) Your answer is correct. Determine the cost of goods available for sale. The cost of goods available for sale $ 15,195 (b1) eTextbook and Media Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.) Average cost per unit $ Attempts: 1 of 3 used
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Oriole Company Inc. had a beginning inventory of 105 units of Product RST at a cost of $7 per unit. During the year, purchases were:
Feb. 20
595 units
May 5
500 units
at $8
at $9
Aug. 12
410 units at
$10
Dec. 8
100 units
at
$11
Oriole Company uses a periodic inventory system. Sales totaled 1,485 units.
(a)
Your answer is correct.
Determine the cost of goods available for sale.
The cost of goods available for sale
$
15,195
(b1)
eTextbook and Media
Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.)
Average cost per unit $
Attempts: 1 of 3 used](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3ae0660d-5301-4b30-8361-0f1bb7fa4959%2Faa9c722c-f3bc-4fef-8fce-7ebf6769f477%2Fusriz8_processed.png&w=3840&q=75)
Transcribed Image Text:Oriole Company Inc. had a beginning inventory of 105 units of Product RST at a cost of $7 per unit. During the year, purchases were:
Feb. 20
595 units
May 5
500 units
at $8
at $9
Aug. 12
410 units at
$10
Dec. 8
100 units
at
$11
Oriole Company uses a periodic inventory system. Sales totaled 1,485 units.
(a)
Your answer is correct.
Determine the cost of goods available for sale.
The cost of goods available for sale
$
15,195
(b1)
eTextbook and Media
Calculate average cost per unit. (Round answer to 3 decimal places, e.g. 2.237.)
Average cost per unit $
Attempts: 1 of 3 used
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